USA: Three plants to build new gearbox jointly developed by Ford and GM
General Motors and Ford will invest $US720 million at three US plants to produce a jointly developed, fuel-efficient automatic transmission, the companies said on Monday. Reuters said the rare collaboration between the rival Detroit carmakers to develop the six-speed transmission, to be used in front-wheel drive and all-wheel drive vehicles beginning in 2006, was first announced in October 2002.
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